Intact Investment Management Inc. Buys 8,100 Shares of Brookfield Renewable Corporation (NYSE:BEPC)

Intact Investment Management Inc. raised its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 11.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,200 shares of the company's stock after purchasing an additional 8,100 shares during the period. Intact Investment Management Inc. owned 0.05% of Brookfield Renewable worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Curio Wealth LLC purchased a new position in shares of Brookfield Renewable during the 4th quarter worth about $26,000. Atala Financial Inc purchased a new stake in shares of Brookfield Renewable in the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Brookfield Renewable by 43.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after acquiring an additional 374 shares during the last quarter. Dunhill Financial LLC purchased a new position in Brookfield Renewable during the 4th quarter valued at $41,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in Brookfield Renewable in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 75.12% of the company's stock.

Analyst Upgrades and Downgrades

BEPC has been the topic of a number of research analyst reports. Barclays assumed coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price on the stock. Wells Fargo & Company reduced their price objective on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 5th.

Brookfield Renewable Stock Down 0.8%

NYSE:BEPC traded down $0.25 during mid-day trading on Wednesday, reaching $32.41. The company's stock had a trading volume of 686,525 shares, compared to its average volume of 967,533. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.03. Brookfield Renewable Corporation has a 1 year low of $23.73 and a 1 year high of $35.14. The stock has a fifty day moving average of $29.48 and a 200-day moving average of $28.21.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.60%. Brookfield Renewable's payout ratio is presently -167.42%.

Brookfield Renewable Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.